The USDCAD tests the support – Analysis - 13-01-2020
The USDCAD pair fluctuates near the key support that declines now to 1.3025, and as we mentioned in our last report, this level represents one of the next trend keys besides 1.3092 resistance, as the price needs to breach one of these levels to detect its next destination clearly.
Therefore, our neutrality will remain valid until we get clearer signal for the next trend, reminding you that breaching the mentioned resistance will lead the price for more bullish correction that its next target located at 1.3180, while breaking the support represents the key to return to the main bearish track that its next main target located at 1.2900.
The expected trading range for today is between 1.2970 support and 1.3120 resistance.
The expected trend for today: Neutral
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